Trustees’ Annual Report for the period
From 01-04-2022 Period start date To 31-03-2023 Period end date Charity name: Bournemouth Heart Club
Charity registration number: 1006725
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The Association is established for the relief or prevention of sickness amongst persons with or at risk of cardiovascular disease, and for the rehabilitation of those who have undergone therapeutic cardiovascular intervention or whom have chronic debilitating disease. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The Club was initially established to provide regular exercise sessions and education regarding healthy lifestyle habits amongst persons who have suffered from heart attacks or who have undergone heart surgery or procedures. This was later extended to the rehabilitation of patients who have undergone angioplasty, or who are dealing with heart failure and in 2022 further extended to include a range of other chronic debilitating diseases such as Diabetes and Chronic Obstructive Pulmonary Disease (COPD). The Heart Club's activities take place in a purpose-built facility housing two gymnasiums, changing rooms, members’ lounge and office accommodation. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have paid due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | When the Club moved into their present building in September 1996 there were 405 members and 9 exercise sessions each week. From a pre-pandemic high of 1,500 members, by March 2022 we had 695 members, 443 who exercised regularly. There has been steady growth since then to 797 members with 508 members regularly exercising & choosing from 36 sessions per week by March 2023. In 2022-23, we also undertook the following activities to drive up membership: Trialled new pathways with UHD e.g. diabetes, respiratory, UHD staff scheme etc Developed links to Social Prescribers through GPs Promoted the Keep Well Scheme at every opportunity. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At 31st March 2023, Investments, Bank and Building Society savings accounts and current account balances plus cash in hand totalled £910,860 (2022 £991,351). After paying creditors the sum of £17,341 (2022 - £11,409), there remains £893,519 (2022 - £979,942) for the purposes prescribed in the Constitution. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | To continue to maintain a designated, but not restricted, fund which is in place to cover the potential costs of replacing exercise equipment, and any repairs to the structure of the Heart Club building which are anticipated to be necessary. Included in this fund is the cost of the lease extension which will be written back to reserves over the period of the lease. The levels of these reserves and policies behind them are reviewed annually by the Trustees ahead of the Club’s AGM. |
| Amount of reserves held | Para 1.22 | Undesignated General Fund of £409,472 to help fund the day-to-day operating costs of the Club and, in particular, to provide the financial headroomthat is required whilst rebuilding the club’s ongoing incomes following Covid. The Designated Property Repair and Replacement Fund of £400,000 is a designated, but unrestricted fund set aside by the Trustees in order to enable monies to be available to help to meet the possible financial burden at the end of the current building lease. A Designated Equipment Replacement Fund of £100,000 is a designated, but unrestricted fund set aside by the Trustees as funds for the cyclical replacement of exercise equipment. The Lease Fund of £549,956 is a designated, but unrestricted fund set aside by the Trustees to address the amount of funds represented by the Lease of the Heart Club. The Hardship Fund of £3,250 is a designated, but unrestricted fund set aside by the Trustees in orderto support individuals who would benefit from our services but who are unable to fund themselves. |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
|---|---|---|
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
|
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
The Constitution of the Bournemouth Heart Club was registered with the Charity Commission in December 1991. |
|
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | The Constitution was revised and adopted by the Bournemouth Heart Club on 13th June 2002, and subsequently revised on 9th August 2010, 25th July 2013, 24th July 2014, 20th July 2017, 24th February 2022. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The club is an Unincorporated Association. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Only members of the Association shall be eligible to serve as Honorary Officers. Honorary Officers must be nominated and seconded by members of the Association in writing and the nominations must be in the hands of the Manager of the Association at least 42 days before the Annual General Meeting so that all necessary enquiries can be made regarding the suitability of nominees. Should nominations exceed vacancies, election shall be by ballot. The details of all persons nominated for an Honorary Officer position shall be displayed on the Association’s notice boards at least one month before the Annual General Meeting. |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Bournemouth Heart Club |
|---|---|
| Other name the charity uses | None |
| Registered charity number | 1006725 |
| Charity’s principal address | Royal Bournemouth Hospital (F10) Castle Lane East Bournemouth Dorset BH7 7DW |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| John Slade | Chairman | From 15 Sept 2022 | Trustee since 2015 | |
| Colin Peter Wardell | Trustee | Appointed 24 February2022 | ||
| JeffreyOsment | Trustee | Appointed 24 February2022 | ||
| Sue Strassheim | Trustee | Appointed 24 February2022 | ||
| Nigel Priest | Treasurer | Appointed 24 February2022 | ||
| Graham Flexman | Secretary | Trustee since 2018 | ||
| Julia Baker | Trustee | Trustee since 2019 | ||
| Nick Morgan | Former Chairman | Resigned 15 Sept 2022 | ||
| Chris Marshall | Trustee | Resigned 15 Sept 2022 | ||
| Vacancy | President |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and | addresses of advisers (Optional information) | addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser |
Name Address |
|
| Name of chief executive or names of senior staff members (Optional information) |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
All Trustees (except the President) are elected at the AGM by the members of the Bournemouth Heart Club for a three-year term of office. The President is elected by the Trustees. Past President and Founder, Dr Adrian Rozkovec will serve the Trustees in a co-opted advisory role. The policy and general management of the affairs of the Club are directed by a Trustees Committee comprising the Trustees, the Joint General Managers (Ms Caroline Marshall and Mr Sam Panton) and their duties include attending meetings of the Trustees Committee.
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Graham Flexman Full name(s) John Slade Position (eg Secretary, Chairman Secretary Chair, etc) Date 15 January 2024
Charity Registration No. 1006725 BOURNEMOUTH HEART CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 HILLOSBORNE CHARTEREO ACCOUNTANTS & BUSINESS AOVISERS
BOURNEMOUTH HEART CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr John Slade (Chairman) Mr Nigel Priest (TaSurer) Mr Graham Flexman MBA Msc DMS CILCA Isccrotaryl Mr Peter Wardell Mrs Susan Slrassheim Mr Jeff Osmenl Mrs Julia Baker (Re-elected 15 September 20221 Patron Mr Graeme Souness Charlty number 1 OC6725 Prlnclpal addr&ss Royal Boumemouth Hospital IF10) Castle Lane East Bournemouth Dorsel BH7 7DW Independ•nt èxamlner Hill Osbom¢ Tower House Parkstone Road P*X•le Dorsel BH15 2JH
BOURNEMOUTH HEART CLUB CONTENTS Page Trustees, report Slalèmenl of Trustees. reswn$ibiltts'es Independent examinerfs report Statement of financial activities Balance sheet Notes lo the financial stslemenls 10-21
BOURNEMOUTH HEART CLUB TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their report and accounts of the charity for the year ended 31 Marth 2023. The financial slalements have been ppad in accordance with the accounting policies sel out in note 110 the fin2nr.iAI tatements and comply with thé charity's constitution, th8 Charitlgs Act 2011 and "A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" Objecv•S and actlvltles The objeels of the Club, as slated in ils Constitution. are the relief or prevention of sickness amongst persons with or al risk of cardiovascular disease, and for the rehabililalion of those who have undergone Iherapeulic cardiovascular intervention or whom have chronic L%ebtrlilaling disease. The Club was initially established lo provide regular exercise sessions and educab'on regarding healthy lifestyle habits amongst persons who have suffered from heart attacks or who have undergone heart surgery or procedures. This was18ler extended lo the rehabililalion of patient5 who have undergone angioplasty, or who are dealing with heart failure and in 2022 further extended lo include a range of other chronic debililaling diseases Such as Diabetes and Chronic Obstructive Pulmonary Disease ICOPDI. The Heart Club's activities lake acfj in a purKx)se-built facTlity hou'ng tsvo gymnasiums. changing rooms, members, lounge and office accMM0datsOn. When the Club moved into the present building in September 1996 there werè 405 members and 9 exerase sessions each week. From a pre-p8ndemic high of 1500 members, by March 2022 we had 695 members. 443 who exercised fegulady. There has been steady growth since then lo 797 members with 508 memberg regularly exercising & choosing from 36 sessi¢)ns r week by March 2023. The Trustees havè paid du6 regard lo guidance issued by the Charity Commission in deciding what activities th? charity should undertake.
BOURNEMOUTH HEART CLUB TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Actlvltles and actlons undertaken by the Trustees and Management durlng the year 2022 to 2023 include: Initiated a review of the Club's finances and members exercising behaviour. We concluded that with the existing Pay per Visit pricing structure all rneMbe would rbeed to exercAse 2 limes a week lo generate the level of income lo support operational costs. We ran a campaign called 'The Power of Two. based on the nationally recommended 150 minutes ol exercise each week which would equate lo 2 sessions per member per week. The message did not produce the response we hoped for. Held a planning meeting resulting in a proposed change lo a subscripb.on based membershlp of monthly payment by Direct Debil rather than the existing Pay per Visit which would produce a eonsislenl and predictable Cash flow. Wnen this change was communicated lo the membership there Wds some resistance by existing members. A comprom15e was reached with existing members allowed lo continue as PPV al an increased rale per session. All other members would transfer to monthly DD with all new members only offered monthly DD. Migrated Sportsoft lour Customer Support Systoml lo a cloud ba$ed version to increase capability enable DD functionalty lo be implemented on 01104123. Undertook the following activities lo drive up memb¢rship-. Trialled new pathway$ wlh UHD e.g. diabetes. respirattyy. UHD staff scheme elG,' Developed links to Social Pfeseribers through GP'S,. Promolgd the Keep Wdl Sthem8 at 8very opportunity. Engaged wlh Local Radio, Local Newspapgrs and Magazines ar had a TV stol on BBC South. Held a sponsored 8vent in UHD Boumemouth atrium wlh support from our Patron Graeme Soune$$. Tho pro¢eedB raised allowed the creation of a Hardship Fund lo support indlvlduals who would benefit from our services bul who ore unable to fund themselves. Fund raising activities worè rosumed and expand&J by a ¢Jedicaled Trustee these in¢luded well-allended monthly quizzes, talks lo l¢xal groups. contacts wth Rotary group5 and Probus groups and many othors. Improved Finanoal infornialion through.. Migrating accounts from cash based local system to a propnelary aceounling system {SAGEI enguring ongoing resilience and eonsislenl accounting practi¢%'. Im¥emente<l bud9et5 for income an¢J expendlture for 22-23. InlTDduc8d Key Performance measures for 22-23. 8uill closer working relats'onship wth UHD Estsles and Finance Teams. Cardio Rehab courses are now approaching nonnal and is our primary pathway for new members lo the club. Nick Morgan tired as Chairman in 2022 after 10 years service as Tnjslee, and Chairman in recent years. The Club would like lo express thanks lo Nick for his considerable ¢x)nlribution over this time, in particular, his lead in negotiating an extension to our lease to 2046
BOURNEMOUTH HEART CLUB TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Flnanclal review Al 31 sl March 2023, Inveslmenls, Bank and Building Sooety savings accounts and eurrenl account balances plus cash in hand lotslled £910,86012022'. £991.3511. After paying creditors the surn of £17,340 {2022.. £11,409), there remains £893,52012022". £979.9421 for the purposés prpsriibpd in the Constitution. The Trustees believe that the financial priorities of BouThmouth Heart Club are '. 1. To reverse. or al least mlnimEe. the pattern over previous financial years of depletion of reserves due lo shortfalls of ineome over expenditure wthin a 2 10 3 year timescale. 2. To safeguard ils medium and long-lenn ftjlure, in view of the commitments wthin the lease with University Hospitals Dorset recently extended lo 2046, 3. To grow the membership of the Club through proven pathways of recruitment that attract indIdUalS who recognise the importance and value of regular exercise lo themselves. To achieve Ihe8e objectives our strategy is :_ 1. To Implement a change in Memrship payment structure from 1 sl April 2023 from pay per visit to monthly direct debil with the aim ol prowding more eertain and regular incom8s such that the stsff costs of the Club may be mel from these subscriptions wthin 2 10 3 years. 2. To conllnue lo maintain a designated, bul not restrictsd. fijnd which is in pl¥ee to cover the potential cost$ of replacing exercise equipment, and any repairs to the structure of the Heart Club building which are anlicipaled lo be necessary. Included in this fund is the cost of the lease extension %thi¢h is being written back lo reserves over the period of the lease. The levels of these reserves and policies behind them are reviewed annually by the Trustees ahead ol the Club's AGM. The Designated Fund pvIOUslY held for the development of Prevention has been released lo General funds as this activity has been consolidated into business as usual. Likewise, the Fund held for Parking Depgsils has been jud9ed to no longèr be required followng 8 communication lo members affected offering them an opportunity lo claim any deposi15 ¢)wing. 3. To continue to maintain an undesignated General Fund lo help fund the day lo day operating costs ol the Club and, in particular, lo provide the finaneial headroom that is required whilst we rèbuild ongoing incomes. 4. To use all resources available lo us lo promote the proven pathways for reeruiling membership, In particular Cardiac Rehabilllalion and the Keep Wo11 Scheme. 6. To continue to build 0 good working rclatsonship with the E8t&tes thnd Finan¢¢ communities of University Ho$pito1s Dorsel to ansure that they, and ourselves. are in a po¥ib'on lo ¢omply bwth the finanoal provisions of th¢ ease agreement. The Trustees have assessed the major risks to which the charity is expose(l and are satisfied that processes and procedures are in place lo miligale exposure to the major risks. Actlvllles and actlons planned to be undertaken by the Trustees and Management durlng the year 2023 to 2024 wlll Include: Roll out DO Membership heme and processes. Review new pathways for membership and decide which to focus on and develop. Implement budgets ft)r income and expenditure f 23-24 10 improve management of the Club and ils rinances. Devolve rosponsibilty and accountability to Management Team. The new version of Sportsoft will be exploited lo support development of new funcbonality e.g. web based booking, exercise session rnanagement. wail list management. improved management report5, marketing information, elc. Recruit additional Trustees lo make up the full complement.
BOURNEMOUTH HEART CLUB TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Actlvities and actlons planned to bè undertaken by the Trust and Management during the year 2023 to 2024 Icontlnuedl Explore new inilialives for fund raising. Develop Social Membership and aSslated activeS. Initiate a planning session lo identify and priorilise future developments. Improve communication beeen the Trustees. Management and Members. Review and updale the Keep Well brochure arKI display banners lo make them more attractive and infDmialive. Review Keep Well scheme pricing model lo bring in line th new payment scheme. Develop more communicatson avenues lo bridcaSt the BHC message. Review managgment structure and staffing necessary to sUPPQrt growth plans. Develop processes to ae$S and control the Hardship Fund. Due to the change in membeiship slructure, we will review h¢)w we record and Teport ongoing membership numbers. Structure, govemance and managemènt The Conslilulion of the Bournemouth Heart Club was registered with the Charity Commission in December 1991. Thè con51ilulion was revised and adopted by the Bournemouth Heart Club on 13th June 2002, and subsequtrnlly revised on 9th August 2010. 25th July 2013. 24th July 2014, 20th July 2017 and 24th February 2022. The Club 15 an unincorporated Association. The Trustees who setved the charity durin9 the year were.. Mr Nick Morgan Mr John Slade Ichairman) Mr Nigel Priest (Treasurer) Mr Graham Flexman MBA Msc DMS CILCA Isecrelaryl Mr Peter Wardell Mr$ Susan Str2ssh•im IR8signed 15 Septemter 20221 Mr Chris Marshall MRAeS Mr Jeff Osmenl Mrs Julia Baker (Resigned 15 September 20221 IR8-818cled 15 Septomber 2022) All Trustees (except the President) are elected al the AGM by the mernbers of the Boumemouth Heart Club for a Ihree-year term of office. Tha President is elected by the Trustees. Past Pregident and Founder, Dr Adrian Rozkovec will serve the Trustees in a co-opted adwsory role. The policy and general management of the affairs ol the Club are directed by a Trustees Commitiee comprising the Trustees, the Joint General Managers Ims Caroline Marshall and Mr Sam Panton} and their duties include attending meetings of the Trustees Committee. Mr Panlon has tendered his resignation as hg is emigrating lo New Zealand and wll leave the dub in October 2023. The Tnjslees are reviewng the management slructure and it is planned Ihat appointrnenls 11 be made during the last quarter of 2023.
BOURNEMOUTH HEART CLUB TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The building is owned by the Unlvèrsity Hospitals Dorset NHS Trust {UHD} and leased lo the Club, there Ilaison through a separate Managgment Commitlee. vthich meeis several times each year and compris85: Tho Twstees of the Hrt Club A Non-exeojtive Direct of UHD An Execuliv$ Diroctor of UHD. By mulual agrment no meeknngs wefe held during 2022-23. h¢Y•Var myular m88tings tween nominated Tru3lees1sUPPOrted by managèment team) and senhy managets tn UHD Finance 8nd E8tstès hav& taken place resullino in a much improvèd relatKJnship both parti88 workiThJ lowardy an agreed undorstandlng and correct implementation of th818ase agreement. Due to the rJJTrenl development of The Royal Bournem Hospital, agreement wgs reath8d with UHD to ccnsolidale our 2 catparks into one wrth 52 spaces beside ihe 'Tops' Nursery and rataining 4 dèsignated spac8S in Ironl ot the club building thorgfore providing the 56 places ¥greed undor the lease. Ind•p•nd•nt Examln•r The Trustees hav8 Teqvested that Hill Osbomè cary an lThlepondenl 8xaminalK¥i In accordance wlth the Chanty's Consttlution. Sl9ned on beham of Ihg Tru5teeJ Committ r John Sl#d• Chairman Alr Nlg•l Prf•st TT8asu
BOURNEMOUTH HEART CLUB STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The Trustees are responsible for preparing the Trustees. Report and the finanThal slalemenls in accordance with applicable law and Unf(ed Kingdom Accounts'ng Standards (United Kingdom Generally Accepted Accounting Practi¢el. The law applicable to charities in England and Wales requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and applicats'on ot resources of the charity for that year. In preparing these finanaal slalements. the Trustees are required to.. select suitable accounting policies and Ihfrn apply them conSisteny,. - observe the methods and principles in the Charitses SORP.. make judgements and estimates that are reasonable and prudent., slal& whether applicable accounting standards have been followed, subject lo any material depar&S disclosed and explained in the financial slalements., arKI prepare Ihg financial slalemgnl$ on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are re$pon$ibte for keeping suffioent accounting records Ihal disdosg with r8aKJnabl8 accuracy al any lime the fsnanaal position of the charity and enable them to ensure that the financial slalemen15 comply with the Charities Act 2011, the Chanty (Accounts and Reports) Regulalions 2008 and the provisions ol the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and delecti¢)n of fraud and other irregularitses.
BOURNEMOUTH HEART CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNEMOUTH HEART CLUB I report lo the Trustees on my examination of the financial ststemenls of Boumemouth Heart Club Ilhe charity) for the year ended 31 March 2023. Responslbllltlos and basls of rèport As the Trustees of the tharity you are responsible for the preparation of the financial statements in accordance with the requirements of the Ch8rilies Act 2011 Ithe 2011 Act). I report in respect of my examination of the charity's financial slalements carried out under selttion 145 of the 2011 Act. In carrying out my examinatson I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnerfs ststement Your allenliDn is drawn lo the fact that the charity has prepared financial slalemenls in accordarte with Accounting and Reporting by Charities preparing their accounls In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 In preference to the AOUntIng and Reporting by Charities.. Stslemenl of Recommended Prac*ce issued on 1 Aprll 2005 which is referred to in the extant regulallons bul has n¢)w been withdrawn. l understand that this has been done in order for financial slalemenls lo provide a true and fair view In accordance with Generally Accepleé AcCntIng Practiee effedive for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my ottention in connection with the examination giving me cause lo believe that in any material rèspect.. accounting records were not kept in resped of the charily as required by se¢Xion 130 of Ifie 2011 Act,. or thè financial slalemenls do not accord with those r8cord$', or Ihg financial slalemenls do not comply with the applicable requirements concerning the form and conlenl of accounts set out in the Charitlgs (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter nSidered as part ot an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding ol the financAal ststemonls lo be reachod. L.Ball, BSC FCA Hlll Osborne Charterèd Accountants Tower House Parkslone Road Poole Dorset BH15 2JH Dated.. ..l.gtbL
BOURNEMOUTH HEART CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted Unrestricted funds funds g¢n¢ral deslgnated 2023 2023 Total Total 2023 2022 Notes Donations and legacies Charitable activities Aclivilies for generating funds sales of books, Shirts, raffles gtc., Investments 22,735 149,778 22.735 149,778 20,223 168,738 19.197 4.008 19,197 4.008 6,986 3,484 Totsl Income 195,718 195,718 197,431 Costs of Jenèraling fiJnds 1.320 1,320 920 Charitable aclivili¢$ 277,473 277.473 307,599 Total r88ources expended 278.793 278.793 308,519 Ng1 gainslllossesl on Investments 13 {27,871) 127,8711 22,539 Nèt outgolng resources before transfers (110,9461 1110,9461 188.5491 Gross transfers between funds 21 35,676 135,6761 Net movement In funds 175,2701 135,676) 1110.9461 188,5491 Fund balances at 1 Aprll 2022 484,742 1.088.882 1.573,624 1,662,173 Fund balances at 31 March 2023 409.472 1,053,206 1,462,878 1,573,624 The slalemenl ol financial activth'es includes all gwns and losses recconised in the year. All income and expenditure derive from eontinuing activities.
BOURNEMOUTH HEART CLUB BALANCE SHEET ASAT 31 MARCH 2023 2023 2022 Noi•s Flx•d u8•ts Tangible assets CuN•nt assets Stock5 DebloTS Investments Cash al bank and in hond 14 551.606 578.062 1.445 16.107 687.608 223.252 3.675 11,945 875,255 116.098 15 16 17 928.412 1,008,971 Cr•ditorg: •moynts l•lllng withln on• y•ar 18 117,340} 111.4091 Net currenl 911,072 995,562 Totsl l••* cur¥•nt Ilablllll•• 1.462.678 1,S73,824 In¢om• fvndi Dèsignalèd lunds Genera5 unrestficted ftJnd$ 1.053,K 409,472 1.088,882 484,742 1.462,678 1,573,624 1,482.678 1.573,624 The accounts were apwovod by thg fflam of th8 Cwimitlo• cffl ......................... ohn Slade alrman gned behaN of the Committee Mr Nig81 Priost Tr•asur•r
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUnng policies 1.1 Accountlng convention The financial statements hav¢ boon prepared in accordance th the Gharity's constitutlgn, the CliaiiliE¥ AEI 2011 and Accounting and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charities preparing their a¢nIS In accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity hos taken advantage ol the provisions in the SORP for tharilies applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial slalemenls are prepared in sleding. which is the fvncts'onal currency ol the charity. Monetary amounts In these financial slalements are rounded lo the nearest £. The financial slalemenls hove been prepared under the historical cost ¢onvonlion. The principal accounting policies adopted are sel out below. 1.2 Golng ¢oncern Al the lime ol approving the financial slalemenls, the Trustees have a reasonable expectation that the charfty has adequate resources lo continue in operational existence lor the foreseeable future. Thus the Trustees continue lo adopt the going concem basis of accounting in preparing the finanaal slalemenls. 1.3 Charltable fundg Unreslricled funds arg available for use al the discretion of the TnJsleè$ in furtherance of their charitable objectives unless the fund5 have been designated for other purposes. Reslricled lunds a subject to speciflc conditions by donors as lo how they may be used. The purwses and uses of the restricted funds are sel out in the notes lo Ihe financial statements. 1,4 Incomlng rèsources Income is receivetl by way of m8mbership SL4bscription. exeraso fees, donations. gifts, legacies and fund. raising acts'wlies. Incoiiie 15 ¥eLuyrii¥¥d wlt¥ii Ili¥ ¢JiJiity Is legally entttlea to tt after any peffomiance conaitions have bèen mg1. the amoun¢5 Gan be m¥a¥ured rellably. and 11 Is Plobable U( Income wlll be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified ol the donation, unless pertomiance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under GrftAid or deeds of covenant is recognisod al the lime of the donalign. L8gacies are recognised on rep1 or olheN8e if the chty has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset. Memb8rship subscriptions are induded in the accounts in full on the dale of receipt. 10-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Icontinugdl 1.5 Rè50urces expended Th6 salaries includcd wthin Choritatl¢ Activitics relate to exerase staff. thin the heading of Office and Centre Costs are included office and adminislratson staff salaries. These staff members spend a prowrtion ol their lime in dealing wlh charitable activits.es of the Heart Club in relation lo membership and exercise classes. However il is impracticable lo accurately apportion these costs between specific Charitable Activities and Office Centre Costs and therefore the totsl cosls are shown under the heading Office and Centre Costs. 1.6 Tanglble flxed asséts Tangible fixed assets are initially measured al eost and subsequenuy measufed at cost or valuation, nel ol depreciation and any impairment losses. Tangible fixed assets are staled al cost less depreciation. Depreciation is provided al rates ealculated lo wrilg off the cost less eslimaled SIdUal value of each assel over ils expected useful life. These rates were as follows., Lease Exercise and cardiac equipment Fixtures and fittings Office equipment IT equipment Tablets and mobile phones 25 years strayhl line 4 years slraighl line 4 years Straight line 4 years straight line 3 years slraighl line 2 years straight line The gain or Ioss arising on the disposal ol an asset is detemined as the difference between the sale procéed5 and the carrying valug ol the asset. and is locognised in nel incomellexpendilur81 for thé y8ar. Mgart Club Facllltl68 Bournemouth Heart Club does not own thè eompleled building but has a lease for 25 years al a peppercorn rent from September 1996 10 2021. In 2010 negotiations conduded lo extend the lease for a futher 25 years lo 2046. As part ol this agr8em8nl a capital Iransfar of £592.000 was made from the Club lo the Royal Bournemouth and Chri31church Hospital NHS Trust as a payment in advance (index linked) lo cover the eosl of the extension from 2021 to 2046. The cost of the lease in Tangible Fixed Assets relates to the cost of the lease of the propefly tor ine benettt ol tne Llub trom 2u21 to 2U46. rhe Cost ol the lease therefore is being wntten off In the twenty-five year penod trom 2027 to 2046. Items ol moveablè equipment 8nd fumishings are capilalised and shown as part ol fixed assets of Bournemouth Heart Club. 1.7 Impalment offlxed assets Al each reporting end dale, the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indication that those assets have suffered an impaimenl loss. If any such indallOn exists, the recoverable amount of the asset is eslimaled in order lo delemiine the extent of the impairment loss lif any). 1.8 Stocks Stock comprises 5tatnps. ear parking fobs and locker tokens and are Stated al the lower of cost and estimated selling price less costs lo complete and sell, after making allowance for obsolete ano slow mowng items. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposrts held al call wrth banks and other short-lerni liquid investments wlh original malurilies of three months or less.
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AGGounting policies Icontlnued 1.10 Finan¢ial instruments The charity has eleiled tg apply the provisi(xis of secti£ 11 'BasiG Fiiian¢ial Iiistrui))8iils' 8iid SF3Ctioii 12 'Olher Finanaal Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Flnancial inslfumenls are recognised in the charity's balance sheet when the charity becomes paty lo the contractual provisions of the instrument. Financial assets and liabilities are offset. wth the nel amounts presented in the financial slalernenls. when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to sellle on a nel basis or lo realise the asset and settle the liabilty simultaneously. Baslc flnanclal assets Basic financial assets, which indude debtors and cash and bank balances, are Initially measured Iransactr'on price including transaction costs and are subsequently carried al amortised cost using the effective interest melh¢d unless the arran9emenl constslutes a financing transaction, where the transaction is rneasured at the present value ol the future receipts discounted al a market rale of interest. Financial assets dassified as receivable within one year are not amortised. 8aslc flnanclal Ilabililies Basic financial liabilities. induding creditors 8re initialty recognised at transaction pri¢9 unless the arrangement cgnslilules a financing Iransaclion, where the debt inslrumenl is measured al Ihg pr9sent value of the future payments discounted al a market rate of interest. Finan¢ial Ilabllilies ¢lassKigd as payablè within ono year are not amortised. Trade credllor6 are obligations to poy for goods or s8rvices that have boen acquirèd in the ordlnary coursè ol operations from suppliers Amounts payable are elassified as current liabilities if payment is due within one year or les8. If not, they are presenlad as non-currenl Iiabilitses. Trade c*edilors are recognised inllially al transaction price and subsequently m8asured at amortised cost using the effective interest method Doroeognltlon of flnanclal Ilabllftles Financial liabilities are dergwgnised when the charity's contractual obligatlons explre or are di8charged or cancelled. 1.11 Other Invg$tm•nts Other investments comprise call deposits th original malurrties of more than the month8. Crltlcal accounting estlmates and judgements In the application of the eharity's accounting policies. the Trustees are required to make judgemls, eslimales and assumptions about the Carng amount of assets and liabilities trat are not readily apparent from other sources. The eslimales and associated assumpb.ons are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptr'ons are reviewed cffi an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revise(I Whe the revision affects cnly that period, or in the period of the I$S1on and future penods vh)ere the Tevision affects tKSth current and future periods. 12-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Donations and lega¢les Unr8strlcted Unrestricted fund5 funds general general 2023 2022 Donations and gifts Legacies receivable 18,807 3,928 12.738 7,485 22,735 20,223 Donatlons and glfts General donauons Gift aid Car parking deposits released lo Boumemouth Heart Club Car parking fees Inon-relumablel 8.720 3.647 5,015 1.425 7,771 3,547 1201 1,440 18,807 12,738 Charltabl• actSvltlei 2023 2022 Membership subscriptions and exercise fees Membership subscriptions and exercise fees. Keep Well Membership subscnplions and exercise fees- Respiratory Membership subscriptions and exercise fees- Diabeies Car Park Fobs- Rehab Car Park Fobs- Keep Well Car Park Fobs- Respifatory Diabetes Grant Health Assessments Furlough Grant5 Furlough Gran15- Prevents'on Long Covid R8CH Trust- reimbursed UHO - 50Yo Staff Contritrmjlion UHD- Gym Hire 93,028 16,415 971 87,145 6,885 3,210 630 75 6,880 190 60 41,371 1,546 5,609 24,122 22,887 250 5,179 149,778 166,738 13-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Actlvities for generatlng funds - Sales of books, shirts, raffles etc.. 2023 2022 Just Giving Triathlon- Caroline Croucher Easy Fund Raising Raffles Live As You Give Heart 2 Heart Cycle Snowball Lunches Locker Token5 Quiz Commission from BHC Merchandis8 100 Club Water BH Coastal Lottery Much Loved Amazon Smile PayPal Giving Purp19 Patch Other ilgm$ 6,011 575 34 959 20 1,327 3,220 150 1,885 171 2,352 339 1,811 168 352 2,376 150 2,084 156 427 244 186 335 52 762 19,197 6,986 Inve8tmgnts 2023 2022 Other Investment interest receivable 4,008 3,484 Costs of generatlng funds 2023 2022 Costs 100 Club Lottery licence neralin dona le aaes 1,300 20 900 20 1.320 920 14-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities 2023 2022 Exercise staff costs Office 51aff costs Office and centre costs Prevention staff costs Cleaning staff costs Employgrs National Insurance 115,250 58.386 58,728 4,917 21,717 8,149 134,059 64,211 72,474 4,668 21,580 267.127 296,992 Share of govemance costs (see note 101 10.346 10,807 277,473 307,599 15-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Office and cpntre costs 2023 2022 Insurance Staff recruilmenl costs Advertising - new websrte Ipromolional video 20211 Advertising - leaflets Minor exercise equipment Bank interest paid Advertisingl leaflets - Keep Well Exercise equipment maintenance Air conditioning maintenance Website maintenance Sportsoft sofvare Zoom soffv4are Telephone Printing, posta9¢ and stslionery Bank charges Equipmènt hire- ¢ard mathine EVO charges Rates Repairs and mainlenan¢e New car park fobs Car park fobs refunds Car park lobs relund8- Rehab Cl8aning Depreci81ion- exercise and cardiac equipment Depreciation - office equipment and fixtures & fitting$ Depreciation- lease IT maintenance and support Payroll sofvare Minor office equipnienl Locker tokens Stsff refreshments Staff Christmas grfts Travel costs Staff training DBS checks lor Iru5tee5 Refreshments for members Staff unilomis Sundry costs 4.425 4.747 250 6,120 120 308 327 316 200 225 640 84 937 1451 143 219 1,178 195 441 891 3,219 3,25S 2,530 45 870 1.070 420 4.391 23,911 5.038 293 351 756 148 230 725 4,332 12971 1,305 633 9,594 9,346 23,911 5,9S3 308 321 42 113 10 88 925 700 300 382 le 665 855 1,483 345 58,728 72,474 16-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 10 Support costs Support Governance costs 2023 2022 Basis of allocation Independent examination Legal and professional Bookkeeping fees 2,7thJ 3.349 4.297 2,700 3,349 4.297 2,800 Governance 3,233 Governance 4,574 Governance 10,346 10,346 10,607 Analysed be9$n Charitable acb'viti$s 10,346 10,346 10,607 11 Trustèes None of the Trustees lor any persons Gonnected wth them) received any remuneration during the year. or were paid any expenses duiing the year. 12 Employges The average monthly number of èmployèés during the year was.. 2023 Number 2022 Number Full lime equivalent 7.85 8.53 There were no emp5oyees whose annual remuneratson was £60.000 or more. 13 Net galnslllossesl on Investments Unrestrlct&d Unreslricled funds funds gengral general 2023 2022 Rgvalualion of investments 127,8711 22,539 17-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Tangible fixed assets Lwse Exor¢ise and Flxtur85 and ardia equlpment OffiGe equlpm6nt Total Cost Al 1 April 2022 Additions 597,778 48.894 1,680 43.801 4,411 694,884 2,266 Al 31 March 2023 597,778 50,574 43,801 4.997 697,150 D&preciatlon and Impa5rment At 1 April 2022 Oepreaalion charged in the year 23,911 23,911 48,894 420 39,782 4,019 4.235 372 116,822 28,722 Al 31 March 2023 47,822 49.314 43,801 4,607 145,544 Carrylng amount Al 31 March 2023 $49,956 1.260 390 551,606 Al 31 March 2022 573,867 4.019 176 578,062 15 Debtors 2023 2022 Amounts falllnu due wlthln on• year. Gift aid receivable RBCH Trust Prepayrnents and accrued income UHD 3,642 1,695 9,450 1,320 3.537 3.539 4.869 16,107 11,945 16 Investments 2023 2022 Close Brothers Treasury Shawbrook Bank Cambridge & Counties Bank United Trust Bank Nalionwde Building Society Yorkshire Building Society Investec Wealth & Investment Portfolio Quitter PIC Portfolio 70,000 75,000 82,530 60,000 30,686 5,126 297,403 254,510 83.356 75,000 5.210 285.868 238.174 687,608 875,255
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Cash at bank and in hand 2023 2022 HSBC Treasury account HSBC Savings account EVO account Cash in hand 88,077 132,721 470 1,984 15.796 100.003 297 223,252 116,096 18 Cr6dltors: amounts falllng due wlthln one year 2023 2022 Note8 other18xalion and social securty Def8rred incom8 Trade ¢redilor5 other creditors A¢eruals 2.907 7,235 3.559 2,261 19 5,015 4,133 3.639 17,340 11,409 19 Def&rred Income 2023 2022 Aiibiriy Iiurri Ex¥iu¥¥ l¥¥¥ 7.235 20 Retlrgment beneflt s¢h&mos The charity operates a defined contribution pension scheme for 811 qualifying employees. The assets of the scheme are held s8paralely from those of the Charity in an independently administered fund. The charge to profil or loss in respect of defined contribution schemes was £2,909 12022- £2,521) and is included in staff costs. 19-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 21 Deslgnated funds The income funds of the charity include the following de$Jgnaled funds which have t)een sel aside out of unrèstrirtpd fiAnd8 hy thA TnJ*tpgs for 9CC piirposes. Balance at 1 April 2021 Transfers Balance at 1 Aprll 2022 TrnnBfeYs Balante at 31 March 2023 Dasignaled Property Repair arKI Replacement Fund Designated Equipment Replacement Fund Designated Parking Deposlts FUTh Leas9 Fund 2021-2046 IPrepaid 20101 Designated Keep Well Fund Designated Hardship Fund 400.000 400.000 400,000 too.000 5,075 597,778 10.000 100.000 5,015 S73,867 10,000 100,000 {601 (23.9111 15,0151 123,9111 {10,0001 3,250 549,956 3,250 1,112,853 123.971) 1,088,882 135,6761 1,053,206 The Designated Property Repair and Replacement Fund is a designated. bul unreslricled fund s81 aside by the Trustees in Drdor lo enable monies lo be available to help lo rneel Ihe possible financial burden 81 the end of the current building leo8e. The Designated Equipment Replacement Fund is a designated, bul unrestricted fund sel aside by the Trustees as fiJnds for the ¢ydical replment of the exeNse equipment. The Designated Parking Deposits Fund was a designated. bul unrestrided fund sel aslde by the Trustees a$ funds held on behalf of members for car park access passes refundable to members on ce55alion of membership. This fvnd has now been consolidated into the general funds after the Members were glven the option lo claim the refunds. Tho Koèp Wo11 Fund was a dègignaièd, but unrestridgd fvnd sol asido by th• Tru8t806 for Starting up the Kgap W911 scheme. Thi6 ha6 now been lully utilised and consolidated back into the general funda. The Lease Fund is a designated. but unrestricted lund set ade by the Truslaes in order to recognise the amount of funds represented by the Lea$e ol Ihe Heart Club. The Hardship fund 18 a designated. but unrestrtcted fund sel aside by lh8 Trustees in order lo support individuals who would benefft from our semces bjt who are unable lo fvntj themselve8. -20-
BOURNEMOUTH HEART CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 22 Analysls of net assets between funds Unrestrlcted Designated funds funds 2023 2023 Totsl Unrestricted Designated funds funds 2022 2022 Total 2023 2022 Fund balances at 31 March 2023 are represented by.. Tangible assets Currènt asselsllliabilibes) 1,650 407.822 549,956 503.250 551,6C6 911,072 4,195 480,547 573.867 515.015 578,oe2 995,562 409,472 1,053,206 1.462.678 484.742 1,088,882 1,573.624 23 Relatèd party transactlons There were no disclosable related party transactions during the year {2022 . non81. 21
BOURNEMOUTH HEART CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOURNEMOUTH HEART CLUB I report lo the Tru8tees en my oxamirodon of ts finala1 statements of Boumemoulh Heart Club lthé Charltyl for the year ended 31 k4ar¢h 2023. Rasponsibllitles and bas]$ of report As tho Tmslee8 of the charity you are responsible fw the preparauon of ths financial staloments In accordancg wlth the requlremerts ol the Charflles Act 2011 (the 2011 Adl. I report in respect of my exannation of Ihe tharlV8 finandal statements carrted out undor Seolion 145 of the 2011 Act. In Cary1 out my examination I have folk)w&l all the app]icable Directions given by the Charity Commisson under seGtion 145(51(b) ofthe 2011 Act. Indèpglld8nt examinerfs statement Your sEttion 18 drawn to the fact that the charity prepar&J finarKial slalemerrts in aco3rdar wlh A¢¢ounting and Reporting by Chariues prepariThJ their occounts in ac¢ordanc8 wlh the Finanaal Repolng Standard apIcable In the UK and Repu of IrB:and IFRS 1021 in Pn to the AcBounting and Reportiro by ChariU. Statement of Rec¢xnmeThi&J Practice issueo on l 4Drll 2005 whlch18 referred b in the extant rogu1811on8 bLrt has now been withdrawn. undèr81and that this has be8n done in ordèr for financial statements to provide a true and fwr wew In 8cGordance with G£nerallyAcwted Accounb"rtyJ Pra¢Uce effecthe for rèporllng perfod$ toginning on or after 1 January 2015. I have GornplLgd my examlnation. I confim that no matters have come to my attention in connodion th the 8xominalion giving me Cal to belleve that in any material respe&. accounting r¢cord8 wer0 n¢A kept In of the ch8rlty as wulred by 8edK)n 130 of the 2011 Act., or the finsnclal Statements do not accord wlth those recths,. or th9 finala1 $lanents do not {MpY wtth the #p1¢abl$ uirem9nts cor,cemlng the form Bnd conlenl Df aCUnts 801 oui In the Charth"es (ALwuni8 and Reports) Regutation8 2008 other than any requlrem$nt that the accounts glve a true 2nd fair vi9w which is fjot a matter con51(1gred as part of an ind9pendenl gxamination. I have no cOnrn5 aThJ hav6 com8 a(mss no othar mattars In connoctlon wth the examlnation to lch attention should b8 drawn in Ihi8 report in order to a poper under8tsnth.ng of the finan(ial $tatements lo b¢ rgaGhed. L8all, BS¢ FCA Hlll Osborne Chartered Accountants Towar Housg Parkstono Road Poole Dor891 BH15 2JH Dated: ..1 StkL